KIOXIA is trading 16.1% down at ¥52,110 as investors unwind leveraged AI chip bets and reassess lofty valuations after the stock hit its daily lower limit in Tokyo.
- The sharp decline reflects broad market concerns that the AI-driven memory chip rally has overheated, triggering a sell-off across global semiconductor names.
- Sentiment is being weighed down by fears of peak demand and overinvestment in the sector, despite the company's positive long-term outlook for NAND demand.